Adrian's DeFi Alpha #23: BTC ATH | Bull Market Back | Polymarket | ZKsync XMW | QUIL | Sophon | Eclipse | Citrea | Bungee
Definitely no financial advice, just insights based on my own journey in DeFi.
We are so back and clever members of this community made awesome gains:
FARTCOIN up 409%, E/ACC up 226%, SHEGEN up 173%, WMM up 142%, PEPECOIN up 125%, GIZMO up 74%, NMT up 65%, PUPS up 62%
Hello Friend!
This week marks a historic moment for crypto in the US with massive shifts on both the political and financial landscape.
U.S. Elects First Pro-Crypto Leaders: The U.S. has chosen its first openly pro-crypto president and VP, alongside over 250 pro-crypto congressional candidates. This wave of support signals that crypto will not only be heard but potentially integrated into future policy.
China’s $1.7 Trillion Stimulus: China will inject 12 trillion yuan ($1.7 trillion) to stimulate its economy. The global liquidity increase is significant and could flow toward high-performing assets like BTC.
Michael Saylor’s Mega-BTC Buy: Michael Saylor is set to invest $42 billion into BTC through a three-year dollar-cost-averaging strategy.
Federal Rate Cuts Signal a Liquidity Boost: The U.S. Federal Reserve has already cut rates twice this year. Easing cycles support asset prices and are a basis for BTC and DeFi growth.
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️ On today's Episode:
📈 Market Update – US supporting Crypto again
💻 Project Updates – Polymarket, ZKSync, Berachain and Eclipse News
🐂 Alpha on XMW, QUIL, Sophon, BTCFi & MORE
💎 The Premium Section with even more Alpha and all Portfolio, Airdrop & Farming Updates
1. Market Update
Highlighting the key developments in Crypto and their implications.
Weekly Crypto Bubbles
The global #crypto market cap today is $2.89T, a 0.54% change in the last 24h. Total trading volume in the last 24h is at $294.9B. #BTC dominance is at 55.61% and #ETH - 13.11%.
🚀 Bitcoin Returns to All-Time Highs
After months of waiting, BTC has pumped back to all-time highs, crossing $80k for the first time! With crypto-favorable candidates making up a majority in Congress, the regulatory environment is going to see positive changes. Trump’s promise to dismiss SEC Chair Gary Gensler will free US companies from Operation Chokepoint 2.0.
Bitcoin is now in the Top 10 assets by market cap. It just surpassed Meta (ex Facebook).
U.S. Strategic Bitcoin Reserve in Play
Senator Lummis’s bill to create a strategic Bitcoin reserve has real backing now with a pro-crypto Congress. Other nations will likely observe this closely, potentially setting off a domino effect as other countries consider crypto reserves. There are even rumours that big states are accumulating Bitcoin already.
BTC Price Outlook
With such overwhelming support, we may see a “sell-the-news” pullback and a healthy correction as the hype settles. But long term? BTC is going to break $100k. A sideway or short-term dip could be on the cards, but the uptrend seems set.
Key Price Milestones and Institutional Moves
Coinbase’s Stock Rallies: COIN closed Wednesday near its year-to-date highs, spiking over 30% this past week.
SOL Futures Surge: Solana futures open interest reached an all-time high at $4 billion on Nov. 7, showing strong demand.
BlackRock Bitcoin ETF Trading Volume: BlackRock’s ETF topped $4.1 billion in trading volume in one week week.
Altcoin and Memecoin Outlook
Right now, attention is focused on BTC, BTC dominance, and ETFs, meaning alts and memecoins might need to wait a little longer to see significant liquidity flow their way. We are on an uptrend though and some alts like SUI, ADA, DOGE and SHIB saw impressive pumps.
Some form of DeFi token repricing is already happening on Solana. In the 4 days since the election we saw some impressive moves: • $DRIFT + 258% • $PRCL +117% •
$KMNO +114% • $CLOUD +92% • $ORCA +78% • $MNDE +77% • $RAY +69% • $JTO +61% • $TNSR +52% • $JUP +42%
2. Project Updates
What dApp and project updates you need to know in the fast-paced world of crypto
You can find the links attached to the images
Polymarket
Polymarket is teasing users with hints of a token airdrop. The prediction market recently saw a spike in popularity with $3.6 billion in betting volume on the U.S. election alone.
ZKSync’s Governance Proposal
ZK Nation’s governance proposal (TPP-001) has launched, planning a 325 million ZK token distribution over nine months. ZKSync’s plan to create a liquidity hub on its chain aligns with the interest of DeFi farmers and will certainly increase TVL.
Superseed
Superseed, an Ethereum Layer 2 with a focus on community and equity, has announced its upcoming Supersale. As a CDP lending platform, Superseed empowers on-chain users by offering fully unlocked tokens at TGE and prioritizing fair distribution.
The Liquidity Trifecta Vault
A joint venture with @eatsleepyeet, @KodiakFi, and @beradrome, the Trifecta Vault automates yield farming in the $YEET/$BERA pool, providing users with a one-click DeFi experience that compounds earnings without manual effort.
→ Could be interesting for the Berachain eco airdrops.
Eclipse’s SVM L2 Mainnet Launch
Solana’s Virtual Machine (SVM) has launched on Ethereum via Eclipse, bridging Solana’s fast transaction environment to the Ethereum ecosystem.
3. Alpha Section
Good projects and opportunities I discovered
Alpha 1: Morphware - Decentralized Computing
Morphware is offering a peer-to-peer network for AI and machine learning tasks. Built on high-performance NVIDIA GPUs and powered by affordable, renewable energy, Morphware offers scalable and cost-effective solutions for intensive AI workloads. With a decentralized structure, Morphware helps lower the barriers to computational resources, addressing the rising costs of AI training.
Project Analysis - 8/10 Rating
Core Components
Project (8/10): P2P network connecting data scientists & miners with GPU owners globally
Utility (8/10): $XMW powers AI tools, ML tasks, GPU access, mining & governance
Roadmap (7/10): MVP LLM chat, GPU sourcing, Paraguay H200s deployment
Team (7/10): 7+ professionals in blockchain, AI, data science & hardware
Social (8/10): 20k X followers, 200+ avg. likes per post
Tokenomics (9/10): 1.2B max supply, 60% circulating, 200M locked
Partners (8/10): GPU.net, Tellor, Kakarot, PAAL, Harmony ONE, Pokt
Key Points
Developed since 2021 focus on ML, GPU power & AI training
Currently only on Uniswap tradable
Strong technical foundation but early stage
AI Infrastructure Project in $2T Market
Active in high-growth AI/ML sector
Alpha 2: Quilibrium - Decentralized Computing
Positioned as a “Decentralized AWS,” Quilibrium aims to support complex applications on a highly scalable infrastructure. With $wQUIL and $QUIL as its native tokens, Quilibrium’s platform will support decentralized, traditional-style applications beyond financial utilities. The network is designed to handle vast transaction volumes while being privacy-first, enabling developers to build and host services on a platform unrestricted by traditional centralized constraints.
Alpha 3: BTC Farms: Fixed Yields on Bitcoin with BTCfi Airdrop Season
Bitcoin finance (“BTCfi”) is a new trend, especially as BTC dominance rises. Here are several fixed-yield options available for idle BTC, along with opportunities to earn additional points via YT tokens that boost your chances for airdrops.
Fixed Yield Options:
$solvBTC - 7.091% APY - Provided by Solv Protocol, this is one of the highest yields available in the BTCfi market.
$uniBTC - 7.027% APY - Offered by Bedrock DeFi, a reliable platform with a history of stable yields.
$eBTC - 7.007% APY - Ether Fi’s BTC product, backed by Ethereum’s network security.
$LBTC - 6.454% APY - From Lombard Finance, a conservative yet dependable option.
YT Token Multipliers and Airdrop Farms:
$LBTC: Expiry on Dec 26, 2024. Farming opportunities are available with Babylon (1x), Corn (3x), and Lombard Finance (3x).
$pumpBTC: With a 4x multiplier on PumpBTC, and additional multipliers with Corn (3x) and Babylon (1x), this BTC token has high airdrop farming potential.
$eBTC: Multiplier options include Ether Fi (3x), Lombard Finance (2x), and Babylon, creating a diversified farm to maximize your points.
This combination of fixed yields and boosted YT token farms positions BTC holders well for the ongoing BTCfi airdrop season.
Alpha 4: Sophon – Consumer-Centric Crypto
The next wave of crypto innovation will likely center around seamless, user-focused experiences rather than technical ideals. Sophon, a new Layer 2 blockchain, embodies this shift by building an entire ecosystem for on-chain entertainment—where users can engage without worrying about which chain they're on.
What’s happening in the Sophon Ecosystem:
Avail Integration: Sophon has chosen Avail for data availability, ensuring reliable on-chain data without compromising speed.
On-Chain Ticketing with OPEN: With over 7 million tickets issued globally, OPEN brings decentralized ticketing to Sophon’s ecosystem.
CARV Partnership: This partnership supports a modular data layer aimed at gaming and AI.
Mirai Labs Partnership: New gaming and consumer products are being developed on Sophon with next-gen mobile functionality.
Investment from Binance Labs: A vote of confidence, Binance Labs’ investment highlights Sophon’s potential in the emerging Web3 entertainment space.
With this mix of advanced technology and user-friendly partnerships, Sophon is positioning itself as the go-to platform for accessible, on-chain entertainment. For more on their approach, check out Sophon's latest blog post.
Airdrop Alpha of the Week
Eclipse Airdrop: A 3-in-1 Opportunity with Jumper and Hyperlane
The Eclipse Airdrop offers a grest 3 in 1 opportunity—Eclipse, Jumper, and Hyperlane—allowing you to farm multiple rewards with just a few transactions.
Swap on Jumper: Go to Jumper and swap at least 0.1 ETH to WETH on Ethereum. This ensures eligibility for both Jumper and Hyperlane airdrops.
Bridge to Eclipse: Head over to bridge.eclipse.xyz and bridge at least 0.01 ETH to the Eclipse network. This small bridge transaction confirms engagement with the Eclipse protocol.
Bridge to tETH on Eclipse: Finally, go to to teth.eclipse.xyz and bridge 0.1+ WETH to tETH. This action completes the sequence, enabling a chance for all three airdrops.
Cost: 0.11+ ETH
Total Raised: $106.5M
Citrea Airdrop: Free Entry for Early Interactors
Citrea, a new DeFi protocol, is rewarding early participants on its testnet. Here’s a simple, zero-cost way to secure a potential airdrop:
Claim Faucet Tokens: Go to Citrea Faucet, connect your wallet, and claim testnet tokens.
Bridge via Taproot: Access Citrea Bridge, generate a taproot address, and download your private keys. This innovative bridging technique is crucial to securing testnet interactions.
Explore Citrea Ecosystem: Citrea encourages users to interact with various dApps in their ecosystem. Click “Ecosystem” on their platform and test any available dApps for a more substantial interaction history.
Cost: Free
Total Raised: $14M
Bungee Bridge and SuperSpin Rewards
For those using Bungee to bridge assets, Bungee Exchange's new SuperSpin rewards program offers bonuses for transactions, particularly on Optimism and Base chains:
$OP Rewards: From Nov 8-20, transactions bridging to Optimism and Base will earn $OP rewards, covering 80% of onboarding fees. A total of 30,000 $OP is up for grabs, with a cap of 10 $OP per transaction.
Leaderboard Competition: The top 20 users by swap volume will share $8.5K in prizes. This leaderboard approach is great for high-volume users aiming for bonus rewards at campaign end.
Liquidation-Free November (NNN) with Timeswap: Earn $TIME Rewards for Safe Leverage
Timeswap introduces a playful twist on "No Nut November," challenging users to keep their assets safe and their liquidations at bay. With Nut-Free, Liquidation-Free November (NNN), participants can explore Timeswap’s liquidation-free protocol while earning $TIME rewards.
Key Events & Rewards
NNN Quests: Complete challenges to deepen your understanding of Timeswap and earn rewards as you progress toward $TIME.
AMAs and Events: Join exclusive discussions on Timeswap’s features, the importance of liquidation-free lending, and what’s ahead for the protocol.
Community Rewards: Commit to staying liquidation-free in November for a chance to win $TIME and become a “Time Traveler” in the ecosystem.
Preparing for $TIME TGE
NNN is a prelude to Timeswap’s long-awaited $TIME Token Generation Event (TGE). The anticipated $TIME TGE is set to launch on Base or Berachain in Q4 2024, with potential launches across Hyperliquid, and Monad. This campaign is one of the final chances to accumulate $TIME before the TGE.
Start your NNN journey by participating in the first campaign — The Pledge!
🔗 Take the NNN pledge and get started here: Discord Invite
Great reads:
How To Make It In Crypto
The Blueprint For Success In Crypto
Trading Guide
Watchlist for the Week
Thanks for reading, fren! Stay safe!
Adrian
Adrian's Premium Alpha:
Everything Adrian can’t share in the Public Newsletter: Portfolio Updates, Early Projects/Small Caps, Investment Theory
GM GM readers of Adrian’s Premium Alpha,
The market is pumping and especially defi coins and memecoins are pumping. Today we have a juicy 3 in 1 airdrop and yield farm with up to 114% APY.
We are also buying more memes with huge potential.
Of course I’ll show as always what coins I bought and sold this week to keep you up to date with our portfolios.
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